Page-48 of Economy & Banking Current Affairs

Adani’s Mundra Petrochem project

March 21, 2023

The Adani Group’s Mundra Petrochemicals project has been suspended as part of the Group’s “comeback strategy” to regain investor confidence amidst allegations of accounting fraud and corporate governance lapses. The project aimed to set up a greenfield coal-to-PVC plant at ..

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UBS

March 21, 2023

UBS, Switzerland’s biggest bank, recently agreed to purchase Credit Suisse in a move that aims to contain the panic that ensued after two American banks collapsed earlier this month. This unique acquisition has sent shockwaves throughout the banking industry and ..

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Foreign Exchange Reserve

March 20, 2023

Foreign exchange reserves are the assets that a country’s central bank or monetary authority holds to ensure a balance of payments in the country, maintain stability in the financial market, and influence the foreign exchange rates of the currency. These ..

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PM MITRA Parks

March 18, 2023

The Indian government recently announced the establishment of seven PM MITRA Parks in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh. These parks are inspired by Prime Minister Narendra Modi’s 5F vision, which aims to boost the ..

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herSTART

March 18, 2023

Union Minister Dr Jitendra Singh recently highlighted the newly created ‘herSTART’ platform, which aims to support women-led startups and encourage women entrepreneurs. The platform was launched in October 2022 by the Gujarat University Startup and Entrepreneurship Council (GUSEC). The platform ..

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VVGNLI-ASSOCHAM Strategic Alliance

March 18, 2023

The V.V. Giri National Labour Institute (VVGNLI), an autonomous institute under the Union Labour Ministry, has recently entered into a strategic alliance with the Associated Chambers of Commerce & Industry of India (ASSOCHAM). The alliance is aimed at promoting professional ..

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Foot and Mouth Disease

March 18, 2023

Foot and Mouth Disease (FMD) is a highly contagious viral disease that affects cloven-hoofed animals such as cattle, buffaloes, sheep, and goats. In India, FMD is a major concern for livestock farmers as it leads to a reduction in milk ..

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‘Governor of the Year’ Award for 2023

March 18, 2023

Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has been named “Governor of the Year” for 2023 by Central Banking, an international economic research journal. Das’s steady leadership during challenging periods, including the COVID-19 pandemic, the collapse ..

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India Venture Capital Report 2023: Important Findings

March 16, 2023

Bain & Company’s annual India Venture Capital Report 2023 reveals that venture capital investments in India saw a decrease in deal value of 33% from $38.5 billion to $25.7 billion in 2022. The report highlights macroeconomic uncertainty and recessionary fears ..

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SEBI’s Principle-based Framework for Cloud Adoption

March 10, 2023

SEBI’s Principle-based Framework for Cloud Adoption is a set of guidelines to ensure the safe usage of cloud services by registered entities (REs) and cloud service providers (CSPs) in the securities industry. REs include stock brokers through exchanges, depositories, and ..

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